Simply Counted & Tax

11/22/2022

We wish you a safe and happy Thanksgiving! We are honored and grateful to our clients for the continued opportunity to serve and grow with them.

Our office will be closed Thursday, November 24th and Friday, November 25th.

08/12/2022

The team at Simply Counted Business Services Inc. loves supporting small and medium size businesses. We have an opportunity for a staff accountant to join our dedicated and amazing team. To learn more about this position go to https://simplycounted.com/careers/.

Career qualifications at Simply Counted include being a CPA or Accredited Accountant, knowledge of payroll software, and income tax preparation.

06/21/2022

Important standard mileage rate changes!

In recognition of recent gasoline price increases, the IRS increased the optional business standard mileage rate and the rate for deductible medical and moving expenses (available for active-duty members of the military) for the final six months of 2022. Beginning July 1, 2022, the rates are 62.5 cents per mile for business use of an automobile (up from 58.5 cents per mile for the first six months) and 22 cents per mile for the cost of using an automobile for medical or moving expense purposes (up from 18 cents per mile for the first six months). The IRS provided guidance inhttps://www.irs.gov/pub/irs-drop/a-22-13.pdf

12/30/2021

Wishing all of our friends a safe and happy New Year!

Our office will be closed Friday, December 31st.

12/21/2021

Merry Christmas from the entire team at Simply Counted! Our office will be closed Friday, December 24th.

12/03/2021

It’s time to review your document substantiation and retention!

Per the IRS, if a business does not have documentation, (invoices, receipts, etc.) to show the business purpose of transaction(s), when and who it was purchased from, the deduction is not allowed.

Businesses operating in different online platforms is causing a defragmented system for managing document retention for potential audits. Converting to a central filing system will cost you less in the long run; time, money, and stress!

Here are a few tips on how to organize source documents, digital receipts, and other business tax documents you create and receive.

11/22/2021

The team at Simply Counted wants to wish our friends a very Happy Thanksgiving! Our office will be closed Thursday, November 25th and Friday, November 26th.

11/19/2021

Calling all small business owners! Have you received W-9s from your vendors/contractors yet? January is approaching fast and 1099 Forms will be due before you know it. It’s necessary to request completed W-9s from your vendors in order to properly file 1099s. Check out the article below for more information regarding the importance of W9s!

https://www.businessnewsdaily.com/15783-w9-1099-tax-forms.html
https://simplycounted.com/

What is a W-9 and a 1099? Here's everything you need to know about these tax forms for independent contractors.

02/01/2019

We have some new friends in our office. Meet Neuro, Peptide, Deepak, Chopra, Bluesie and Spots.